Business
Business
Global petrol prices hit rock bottom but PM announces a mere Rs5 reduction
PM Nawaz Sharif announced earlier today that petrol and diesel prices have been reduced by Rs5 per litre. Even though…
Oil market set for more turbulence after volatile week
World oil prices swung between sharp gains and losses all this week as possible efforts to finally tackle a supply…
Finance ministry delays release of $300 million for Gwadar pipeline
Islamabad: The Ministry of Finance appears to have spent the entire cess collection from gas consumers to bridge the budget deficit…
MCB privatisation: NAB close to finishing probe into alleged scam
Islamabad: Despite facing hurdles from various quarters, the National Accountability Bureau (NAB) is close to completing probe into alleged wrongdoings in…
ECC decides to recover Rs101 billion from gas consumers for LNG pipeline
Islamabad: In what appears to be a move that will further burden consumers, the government on Thursday reaffirmed its decision to…
Qatar Airways to launch world’s longest flight
Qatar Airways plans to launch the world’s longest direct flight between Doha, Qatar, and Auckland, New Zealand. Qatar CEO Akbar…
A need to reshape: ‘Islamic, conventional banks not too far apart’
Peshawar: Despite the presence of Islamic banking in the country for more than a decade, it could not be shaped into…
FIA arrests 7 OGDC officials for higher price contract
The Federal Investigation Agency (FIA) has succeeded in saving the national exchequer an amount of Rs.500 million by taking action…
Lending-deposit gap: Banking spread shrinks to its lowest point in 11 years
The weighted average banking spread stood at 5.56% in 2015, effectively marking its lowest level in 11 years. The banking spread,…